UNITED STATES BANKRUPTCY COURT

In re: Case No. 16-26356

Debtor(s)

NORTHERN DISTRICT OF ILLINOIS

Eastern Divsion DIVISION

TRUSTEE'S FINAL REPORT (TFR)

BRODERICK, KEVIN LEO §

§

§

§

The undersigned trustee hereby makes this Final Report and states as follows:

1. A petition under Chapter 7 of the United States Bankruptcy Code was filed on 08/17/2016. The

undersigned trustee was appointed on 08/17/2016.

2. The trustee faithfully and properly fulfilled the duties enumerated in 11 U.S.C. §704.

3. All scheduled and known assets of the estate have been reduced to cash, released to the debtor as

exempt property pursuant to 11 U.S.C. § 522, or have been or will be abandoned pursuant to 11 U.S.C. § 554.

An individual estate property record and report showing the disposition of all property of the estate is attached

as Exhibit A.

0.00

18.84

4. The trustee realized the gross receipts of

Funds were disbursed in the following amounts:

Payments made under an

 interim distribution

Administrative expenses

Other payments to creditors

Non-estate funds paid to 3rd Parties

Exemptions paid to the debtor

Other payments to the debtor

Leaving a balance on hand of1

The remaining funds are available for distribution.

1The balance of funds on hand in the estate may continue to earn interest until disbursed. The interest earned prior to

disbursement will be distributed pro rata to creditors within each priority category. The trustee may receive additional

compensation not to exceed the maximum compensation set forth under 11 U.S.C. § 326(a) on account of the disbursement

of the additional interest.

0.00

0.00

0.00

0.00

57,004.35

Bank service fees 621.63

$

$

57,644.82

UST Form 101-7-TFR (5/1/2011)

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6. The deadline for filing non-governmental claims in this case was 06/13/2017 and the deadline for filing

governmental claims was 06/13/2017. All claims of each class which will receive a distribution have been

examined and any objections to the allowance of claims have been resolved. If applicable, a claims analysis,

explaining why payment on any claim is not being made, is attached as Exhibit C.

7. The Trustee's proposed distribution is attached as Exhibit D.

8. Pursuant to 11 U.S.C. § 326(a), the maximum compensation allowable to the trustee is $5,113.72. To

the extent that additional interest is earned before case closing, the maximum compensation may increase.

The trustee has received $0.00 as interim compensation and now requests the sum of $5,113.72, for a

total compensation of $5,113.722. In addition, the trustee received reimbursement for reasonable and necessary

expenses in the amount of $0.00 and now requests reimbursement for expenses of $0.00 for total expenses of

$0.002.

Pursuant to Fed R Bank P 5009, I hereby certify, under penalty of perjury, that the foregoing report is true

and correct.

Date: By:

Trustee

STATEMENT: This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork Reduction

Act exemption 5 C.F.R. §1320.4(a)(2) applies.

2

If the estate is administratively insolvent, the dollar amounts reflected in this paragraph may be higher than the

amounts listed in the Trustee's Proposed Distribution (Exhibit D)

03/13/2018 /s/ Eugene Crane

5. Attached as Exhibit B is a cash receipts and disbursements record for each estate bank account.

UST Form 101-7-TFR (5/1/2011)

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 Document Page 2 of 12
Asset Cases

Individual Estate Property Record and Report

Form 1

Page: 1

Case No.:

Claims Bar Date:

Case Name:

For Period Ending:

Trustee Name:

§ 341(a) Meeting Date:

Date Filed (f) or Converted (c):

16-26356

BRODERICK, KEVIN LEO

(330350) Eugene Crane

08/17/2016 (f)

09/13/2016

03/13/2018 06/13/2017

Exhibit A

1

Asset Description

(Scheduled And Unscheduled (u) Property)

Ref. #

2

Petition/

Unscheduled

Values

3

Estimated Net Value

(Value Determined By

Trustee,

Less Liens, Exemptions,

and Other Costs)

4

Property Formally

Abandoned

OA=§554(a)

abandon.

5

Sale/Funds

Received by the

Estate

6

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 Cash

Imported from original petition Doc# 1; Exemption:

Cash - Amount: 40.00

40.00 0.00 0.00 FA

2 Pre-paid Debit Card

Imported from original petition Doc# 1; Exemption: prepaid debit card: Pre-paid Debti Card - Amount: 380.00

380.00 0.00 0.00 FA

3 Bed

Imported from original petition Doc# 1; Exemption: Bed

- Amount: 100.00

100.00 0.00 0.00 FA

4 Usual and Ordinary Wearing Apparel

Imported from original petition Doc# 1; Exemption:

Usual and Ordinary - Amount: 300.00

300.00 0.00 0.00 FA

5 Watch

Imported from original petition Doc# 1; Exemption:

Watch - Amount: 50.00

50.00 0.00 0.00 FA

6 Mixed golf clubs

Imported from original petition Doc# 1; Exemption:

Mixed golf clubs - Amount: 300.00

300.00 0.00 0.00 FA

7 Insurance Policies

Imported from original petition Doc# 1; Exemption:

10,000 face value Met Life Beneficiary: mother is

beneficiary - Amount: 30.00

30.00 0.00 0.00 FA

8 Potential inheritance from brother's estate

- On

Imported from original petition Doc# 1; Exemption:

Potential inheritance from brother's estate - One

fourteenth interest in estate - original exemption

amount: 3130.00

Unknown 3,870.00 0.00 FA

9 1997 Toyota Corolla, 168,000 miles.

Entire prope

Imported from original petition Doc# 1; Exemption:

1997 Toyota Corolla 168,000 miles - Amount: 2400.00

2,500.00 100.00 0.00 FA

10 IRA: IRA INHERITED FROM

DECEASED BROTHER (u)

Amended Sch C 11/29/2017 exemption amount

$33,571.15. Objection to this exemption was filed

03/30/2017.

05/11/2017 - order entered denying exemption.

33,571.15 33,571.15 37,686.39 FA

11 Inherited Schwab Brokerage Account (u)

Second Brokerage account held at Schwab inherited

from brother. Non-IRA. Unscheduled.

Unknown 19,152.00 19,958.43 FA

11 Assets Totals (Excluding unknown values) $37,271.15 $56,693.15 $57,644.82 $0.00

UST Form 101-7-TFR (5/1/2011)

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 Document Page 3 of 12
Asset Cases

Individual Estate Property Record and Report

Form 1

Page: 2

Case No.:

Claims Bar Date:

Case Name:

For Period Ending:

Trustee Name:

§ 341(a) Meeting Date:

Date Filed (f) or Converted (c):

16-26356

BRODERICK, KEVIN LEO

(330350) Eugene Crane

08/17/2016 (f)

09/13/2016

03/13/2018 06/13/2017

Exhibit A

02/20/2018: Rec'd accounting of probate estate; Debtor's 1/14 interest in inventory (which is negligible) will go

directly to Debtor as proceeds in estate can pay all creditors at 100 percent plus interest (dk)

12/14: Circuit Court Probate Court hearing on Final Accounting cont'd to 2/22/18 (dk)

10/30: MT to Employ Accountants filed; hearing 11/07 (dk)

07/30: All Schwab funds turned over; still waiting on inventory of probate estate (dk)

06/20: Order of Judgment entered, will send order to Schwab for turnover of funds (dk)

05/15: Filed Adv Complaint for T/O of funds held at Schwab (dk)

05/11: Order entered denying exemption claimed on inherited IRA (dk)

05/11: Order entered extending time to object to discharge to 08/15/2017 (dk)

03/30: Filed Objection to Exemption claimed on inherited IRA; hearing on April 6 (dk)

03/16: Contacted Charles Schwab, alerted them to bankruptcy and that the estate is the new beneficiary of

Debtors brother's accounts (dk)

03/10: Initial Report of Assets filed (dk)

03/10: Trustee to file Motion to object to exemption (dk)

01/10/17: ORDER entered to retain CHSW&C (dk)

12/29: MT filed to Employ CHSW&C; Hearing on 01/10/17(dk)

11/17: Debtor may have enough interest for equity to the bk; write to probate atty for more information (dk)

11/16: Ltr sent to G.Krol for probate and brother's estate info (dk)

Current Projected Date Of Final Report (TFR): 12/31/2018 Initial Projected Date Of Final Report (TFR): 12/31/2018

Major Activities Affecting Case Closing:

UST Form 101-7-TFR (5/1/2011)

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Cash Receipts And Disbursements Record

Form 2

Page: 1

Exhibit B

03/13/2018 Blanket Bond (per case limit):

N/A

Eugene Crane (330350)

Taxpayer ID #:

BRODERICK, KEVIN LEO

Trustee Name:

$5,000,000.00

******5966 Checking Account

Bank Name:

**-***2802

Case No.: 16-26356

Account #:

Separate Bond (if applicable):

Case Name: Rabobank, N.A.

For Period Ending:

7

Uniform

Tran. Code

Trans. Paid To / Received From Description of Transaction

Date

5 6

Check or

Ref. #

1 2 3 4

Disbursement Account Balance

$

Deposit

$

07/14/17 Liquidation of inherited Schwab

brokerage account

{11} Charles Schwab 1229-000 19,954.21 19,954.21

07/14/17 Liquidation of inherited IRA

account

{10} Charles Schwab 1229-000 37,686.10 57,640.31

07/31/17 Bank and Technology Services 33.16

Fee

Rabobank, N.A. 2600-000 57,607.15

08/07/17 Remainder of Roth IRA xxxx5452

inherited by Debtor

{10} Charles Schwab 1229-000 0.29 57,607.44

08/07/17 Remainder of Schwab Account no.

xxxx0035 inherited by Debtor

{11} Charles Schwab 1229-000 4.22 57,611.66

08/31/17 Bank and Technology Services 91.15

Fee

Rabobank, N.A. 2600-000 57,520.51

09/29/17 Bank and Technology Services 79.97

Fee

Rabobank, N.A. 2600-000 57,440.54

10/31/17 Bank and Technology Services 88.12

Fee

Rabobank, N.A. 2600-000 57,352.42

11/30/17 Bank and Technology Services 82.49

Fees

Rabobank, N.A. 2600-000 57,269.93

12/29/17 Bank and Technology Services 79.62

Fees

Rabobank, N.A. 2600-000 57,190.31

01/31/18 Bank and Technology Services 90.48

Fees

Rabobank, N.A. 2600-000 57,099.83

02/13/18 Bond payment term 02-01-18 to 18.84

02-01-19; Bond #016073584

101 International Sureties, Ltd. 2300-000 57,080.99

02/28/18 Bank and Technology Services 76.64

Fees

Rabobank, N.A. 2600-000 57,004.35

Less: Payments to Debtors

57,644.82 640.47

57,644.82 640.47

NET Receipts / Disbursements

$57,004.35

0.00

Less: Bank Transfers/CDs

Subtotal

0.00 0.00

COLUMN TOTALS

$57,644.82 $640.47

true

false

{ } Asset Reference(s) UST Form 101-7-TFR (5/1/2011) ! - transaction has not been cleared

Case 16-26356 Doc 47 Filed 03/23/18 Entered 03/23/18 11:13:52 Desc Main

 Document Page 5 of 12
Exhibit B

Page: 2

Cash Receipts And Disbursements Record

Form 2

Blanket Bond (per case limit):

******5966 Checking Account

Rabobank, N.A.

For Period Ending: 03/13/2018

Eugene Crane (330350)

BRODERICK, KEVIN LEO

Account #:

16-26356

N/A

Case No.:

Case Name:

Separate Bond (if applicable):

Trustee Name:

$5,000,000.00

Taxpayer ID #: **-***2802

Bank Name:

ACCOUNT

BALANCES

$57,644.82 $640.47

TOTAL - ALL ACCOUNTS NET

NET DEPOSITS DISBURSEMENTS

$57,004.35

$57,644.82

Plus Gross Adjustments: $0.00

Net Receipts: $57,644.82

Less Payments to Debtor:

Less Other Noncompensable Items:

$0.00

$0.00

Net Estate:

******5966 Checking Account $57,644.82 $640.47 $57,004.35

UST Form 101-7-TFR (5/1/2011)

Case 16-26356 Doc 47 Filed 03/23/18 Entered 03/23/18 11:13:52 Desc Main

 Document Page 6 of 12
Case Balance: $57,004.35 $57,004.35

Claims Proposed Distribution Register

Remaining Ba

Printed:

Exhibit C

Total Proposed Payment: 

Case: 16-26356 BRODERICK, KEVIN LEO

03/13/2018 11:15 AM 

Claimant Name Type

Amount

Filed

Amount

Allowed

Paid

to Date

Claim

Balance

Claim # 

EUGENE CRANE Admin Ch. 7 $5,113.72 $5,113.72 $0.00 $5,113.72 <2100-00 Trustee Compensation>Clerk of U.S. BankruptcyCourt

Admin Ch. 7 $350.00 $350.00 $0.00 $350.00 

<2700-00 Clerk of the Court Fees>Crane, Simon, Clar & Dan Admin Ch. 7 $9,159.00 $9,159.00 $0.00 $9,159.00 <3110-00 Attorney for Trustee Fees (Trustee Firm)>Crane, Simon, Clar & Dan Admin Ch. 7 $114.13 $114.13 $0.00 $114.13 <3120-00 Attorney for Trustee Expenses (Trustee Firm)>Kutchins, Robbins &Diamond, Ltd.

Admin Ch. 7 $1,402.50 $1,402.50 $0.00 $1,402.50 

<3410-00 Accountant for Trustee Fees (Other Firm)>

2P Department of the

Treasury

Priority $212.04 $212.04 $0.00 $212.04 

3P IL Dept of Revenue

Bankruptcy Section

Priority $659.39 $659.39 $0.00 $659.39 

1 Discover Bank Unsecured $10,551.81 $10,551.81 $0.00 $10,551.81 

2U Department of the

Treasury

Unsecured $231.29 $231.29 $0.00 $231.29 

3U IL Dept of Revenue

Bankruptcy Section

Unsecured $115.40 $115.40 $0.00 $115.40 

Case 16-26356 Doc 47 Filed 03/23/18 Entered 03/23/18 11:13:52 Desc Mai

 Document Page 7 of 12
Case Balance: $57,004.35 $57,004.35

Claims Proposed Distribution Register

Remaining Ba

Printed:

Exhibit C

Total Proposed Payment: 

Case: 16-26356 BRODERICK, KEVIN LEO

03/13/2018 11:15 AM 

Claimant Name Type

Amount

Filed

Amount

Allowed

Paid

to Date

Claim

Balance

Claim # 

4 CACH, LLC Unsecured $14,795.79 $14,795.79 $0.00 $14,795.79 5 The Cardiology Group Unsecured $18.00 $18.00 $0.00 $18.00 

1I Discover Bank Unsecured $108.63 $108.63 $0.00 $108.63 

2PI Department of the

Treasury

Priority $2.18 $2.18 $0.00 $2.18 

2UI Department of the

Treasury

Unsecured $2.38 $2.38 $0.00 $2.38 

3PI IL Dept of Revenue

Bankruptcy Section

Priority $6.79 $6.79 $0.00 $6.79 

3UI IL Dept of Revenue

Bankruptcy Section

Unsecured $1.19 $1.19 $0.00 $1.19 

4I CACH, LLC Unsecured $152.32 $152.32 $0.00 $152.32 5I The Cardiology Group Unsecured $0.19 $0.19 $0.00 $0.19 

SURPLUS BRODERICK, KEVIN

LEO

Unsecured $14,007.60 $14,007.60 $0.00 $14,007.60 

Total for Case: 16-26356 $57,004.35 $57,004.35 $0.00 $57,004.35 

Case 16-26356 Doc 47 Filed 03/23/18 Entered 03/23/18 11:13:52 Desc Mai

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CASE SUMMARY

Amount

Filed

Amount

Allowed

Paid

to Date

Proposed

Payment 

Total Administrative Claims:

Total Secured Claims:

$16,139.35

$0.00

$16,139.35

$0.00

$0.00$0.00

$16,139.

$0.

Total Priority Claims: $871.43 $871.43 $0.00 $871.

Total Unsecured Claims: $39,993.57 $39,993.57 $0.00 $39,993

03/13/2018 9:15 AM

Case Balance: Total Proposed Payment:

Claims Proposed Distribution Register

Case: 16-26356 BRODERICK, KEVIN LEO

Printed:

Exhibit C

Remaining 

$57,004.35 $57,004.35 

Case 16-26356 Doc 47 Filed 03/23/18 Entered 03/23/18 11:13:52 Desc Mai

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Case Name: KEVIN LEO BRODERICK

TRUSTEE'S PROPOSED DISTRIBUTION

Case No.: 16-26356

Balance on hand: $ 57,004.35

Exhibit D

Trustee Name: Eugene Crane

Claims of secured creditors will be paid as follows:

Claim

No.

Claimant Claim

Asserted

Allowed

Amount

of Claim

Interim

Payments

to Date

Proposed

Payment

None

Remaining balance:

Total to be paid to secured creditors:

57,004.35

0.00

$

$

Applications for chapter 7 fees and administrative expenses have been filed as follows:

Reason/Applicant Total

Requested

Interim

Payments

to Date

Proposed

Payment

Trustee, Fees - EUGENE CRANE 5,113.72 0.00 5,113.72

Attorney for Trustee Fees - Crane, Simon, Clar & Dan 9,159.00 0.00 9,159.00

Charges, U.S. Bankruptcy Court 350.00 0.00 350.00

Attorney for Trustee, Expenses - Crane, Simon, Clar & Dan 114.13 0.00 114.13

Accountant for Trustee Fees (Other Firm) - Kutchins, Robbins &

Diamond, Ltd.

1,402.50 0.00 1,402.50

Total to be paid for chapter 7 administrative expenses:

Remaining balance: 40,865.00

16,139.35

$

$

Applications for prior chapter fees and administrative expenses have been filed as follows:

Reason/Applicant Total

Requested

Interim

Payments

Proposed

Payment

None

Remaining balance:

Total to be paid for prior chapter administrative expenses:

40,865.00

0.00

$

$

UST Form 101-7-TFR(5/1/2011)

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 Document Page 10 of 12
Claim

No.

Claimant Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

2P Department of the Treasury 212.04 0.00 212.04

3P IL Dept of Revenue Bankruptcy

Section

659.39 0.00 659.39

Allowed priority claims are:

In addition to the expenses of administration listed above as may be allowed by the Court,

priority claims totaling $871.43 must be paid in advance of any dividend to general (unsecured)

creditors.

Total to be paid for priority claims:

Remaining balance: 39,993.57

871.43

$

$

The actual distribution to wage claimants included above, if any, will be the proposed payment

less applicable withholding taxes (which will be remitted to the appropriate taxing authorities).

Timely claims of general (unsecured) creditors totaling $25,712.29 have been allowed and will

be paid pro rata only after all allowed administrative and priority claims have been paid in full. The

timely allowed general (unsecured) dividend is anticipated to be 100.0 percent, plus interest (if

applicable).

Timely allowed general (unsecured) claims are as follows:

Claim

No.

Claimant Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

1 Discover Bank 10,551.81 0.00 10,551.81

2U Department of the Treasury 231.29 0.00 231.29

3U IL Dept of Revenue Bankruptcy

Section

115.40 0.00 115.40

4 CACH, LLC 14,795.79 0.00 14,795.79

5 The Cardiology Group 18.00 0.00 18.00

Remaining balance:

Total to be paid for timely general unsecured claims: 25,712.29

$ 14,281.28

$

Tardily filed claims of general (unsecured) creditors totaling $0.00 have been allowed and will be

paid pro rata only after all allowed administrative, priority and timely filed general (unsecured) claims

have been paid in full. The tardily filed claim dividend is anticipated to be 0.0 percent, plus interest (if

applicable).

Tardily filed general (unsecured) claims are as follows:

Claim

No.

Claimant Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

None

Remaining balance:

Total to be paid for tardily filed general unsecured claims: 0.00

$ 14,281.28

$

UST Form 101-7-TFR(5/1/2011)

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 Document Page 11 of 12
Subordinated unsecured claims for fines, penalties, forfeitures, or damages and claims ordered

subordinated by the Court totaling $0.00 have been allowed and will be paid pro rata only after all

allowed administrative, priority and general (unsecured) claims have been paid in full. The dividend for

subordinated unsecured claims is anticipated to be 0.0 percent, plus interest (if applicable).

Subordinated unsecured claims for fines, penalties, forfeitures or damages and claims ordered

subordinated by the Court are as follows:

Claim

No.

Claimant Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

None

Remaining balance:

Total to be paid for subordinated claims:

14,281.28

0.00

$

$

To the extent funds remain after payment in full of all allowed claims, interest will be paid at the

legal rate of 0.56% pursuant to 11 U.S.C. § 726(a)(5). Funds available for interest are $273.68. The

amounts proposed for payment to each claimant, listed above, shall be increased to include the

applicable interest.

The amount of surplus returned to the debtor after payment of all claims and interest is

$14,007.60.

UST Form 101-7-TFR(5/1/2011)

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